Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi Team, Thanks for the podcasts, newletters , trade ideas and webinars. It has been some six months since Geoff Wilson launched WMX (Wilson Monthly Income). I was wondering if you had an opinion on the performance of this LIC. Also I tried to add it to my 'hitlist' but can't. Jeremy
Hi Jeremy,
The WMX is a Listed Investment Company (LIC) that invests in a combination of high yield equities, hybrids and bonds. It’s a very similar strategy to the Market Matters Income Portfolio. Since 1 April 2025 when WMX was launched, it has done 12.0% (before fees). In the same time frame, the MM Income Portfolio has done 18.3% (before fees).
When it listed, we wrote a note on this fund, suggesting the fee’s were too high, and benchmark too low (RBA cash +2.5%) – we benchmark our strategy against RBA cash +4%. The performance has been solid, but it hasn’t done as well as our own strategy in this space, during a time that has been good for value/income strategies.
We think it’s okay, but not one we intend to invest in.
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